Hokuriku Railroad Ishikawa Line Home market overview

The average price of a sq.m Home of Hokuriku Railroad Ishikawa Line (Oshino to Tsurugi), in Jan, 2017 to Jun, 2017 was 175,877 JPY/sq.m. The market value represents an increase of 28,829 JPY (+19.6%) compared to 1 year ago and a transition to a bull market. 6 properties exchanged hands ( The market value represents a decrease of 42 (-87.5%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 21.3 years old (a -8.1% decrease compared to the 23.1 years old of last year.). The average size of the real estate was 461.7 sq.m (a +27.1% increase compared to the 363.1 sq.m of last year.). The average total floor space of the real estate was 234.0 sq.m (a -2.3% decrease compared to the 239.4 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving very large total floor space more than 200 sq.m.

3 stations have experienced increased prices; 0 stations have experienced decreased prices. Market value of most stations decreased. Nonoichi, Inokuchi, Oyanagi station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Nonoichi station, where prices have increased +52.1% compared to last year; a sq.m unit now costs 237,029 JPY/sq.m.

The top 1 stations has seen prices increase +52.1% (+81,241 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease +27.7% (+18,814 JPY/sq.m).


Cause of price increases

  • A dramatic decrease in average distance from the station (representing 17.1 min in 2016 and 12.2 min in 2017; -29.0%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 18.8% of total transactions in 2016 and 33.3% of total transactions in 2017)

Causes of price decreases

  • A dramatic increase in transactions involving older buildings over 40 years old (representing 16.3% of total transactions in 2016 and 20.0% of total transactions in 2017)

Breakdown of each segment

The table below shows Home dealt in Hokuriku Railroad Ishikawa Line, in age, distance from station, and area segments. For example, we can see market trends, such as which transactions have increased more in recent years, those for newer properties, or older ones.

Segment:

Top

Home stations market overview

The average price of a sq.m Home of Nonoichi, the highest market value along this railway was 237,029 JPY/sq.m. The market value represents an increase of 81,241 JPY (+52.1%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents a decrease of 12 (-80.0%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Home of Oyanagi, the lowest market value along this railway was 81,632 JPY/sq.m. The market value represents an increase of 26,794 JPY (+48.9%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands (It was the same as last year.).

Hokuriku Railroad Ishikawa Line (Stations Home market overview)
Hokuriku Railroad Ishikawa LineThis year(2017)1 year ago2 years ago
Oshino-219,444 JPY (11.1Y/330.0sq.m)201,196 JPY (6.2Y/168.8sq.m)
Nonoichi237,029 JPY (16.1Y/323.3sq.m)155,788 JPY (24.5Y/618.3sq.m)194,385 JPY (19.4Y/416.7sq.m)
Nonoichikoudaimae-145,513 JPY (26.6Y/175.0sq.m)245,848 JPY (5.9Y/308.0sq.m)
Magae-215,774 JPY (28.2Y/403.3sq.m)162,500 JPY (27.1Y/491.7sq.m)
Nukajuutakumae--170,000 JPY (37.8Y/135.0sq.m)
Otomaru-212,411 JPY (15.9Y/181.2sq.m)203,862 JPY (12.8Y/185.8sq.m)
Shijima-150,000 JPY (34.3Y/182.5sq.m)159,432 JPY (24.7Y/138.3sq.m)
Sodani-85,000 JPY (35.3Y/215.0sq.m)-
Douhouji-113,095 JPY (11.5Y/166.7sq.m)88,547 JPY (19.7Y/155.0sq.m)
Inokuchi86,666 JPY (36.0Y/330.0sq.m)67,852 JPY (31.3Y/211.0sq.m)-
Oyanagi81,632 JPY (22.0Y/1300.0sq.m)54,838 JPY (23.5Y/270.0sq.m)102,590 JPY (18.6Y/297.5sq.m)
Hinomiko-106,666 JPY (28.8Y/540.0sq.m)112,000 JPY (17.5Y/210.0sq.m)
Tsurugi-143,702 JPY (18.2Y/222.5sq.m)73,547 JPY (20.1Y/483.1sq.m)
*Average unit prices per sq.m of Home at each train station were calculated using the Utinokati database of actual market sales prices (based on surveys conducted by the Ministry of Land, Infrastructure, Transport, and Tourism of Japan). Units: JPY (Japanese Yen); parenthesis contain average age in years of building / equivalent measurement of area of real estate.
Top

Noteworthy stations

Nonoichi237,029 JPY/sq.m (+52% compared with the previous year)

The average price of a sq.m Home of Nonoichi was 237,029 JPY/sq.m. The market value represents an increase of 81,241 JPY (+52.1%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents a decrease of 12 (-80.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 16.1 years old (a -34.2% decrease compared to the 24.5 years old of last year.). The average size of the real estate was 323.3 sq.m (a -47.7% decrease compared to the 618.3 sq.m of last year.). The average total floor space of the real estate was 176.7 sq.m (a -62.7% decrease compared to the 473.6 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 24.5 years old in 2016 and 16.1 years old in 2017; -34.2%)
  • A dramatic decrease in average distance from the station (representing 13.5 min in 2016 and 9.3 min in 2017; -31.0%)
  • A dramatic increase in transactions involving nearly new buildings under 3 years old (representing 16.7% of total transactions in 2016 and 33.3% of total transactions in 2017)

Causes of price decreases

  • A dramatic increase in transactions involving older buildings over 40 years old (representing 16.7% of total transactions in 2016 and 33.3% of total transactions in 2017)

Inokuchi86,666 JPY/sq.m (+28% compared with the previous year)

The average price of a sq.m Home of Inokuchi was 86,666 JPY/sq.m. The market value represents an increase of 18,814 JPY (+27.7%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 4 (-80.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 36.0 years old (a +15.2% increase compared to the 31.3 years old of last year.). The average size of the real estate was 330.0 sq.m (a +56.4% increase compared to the 211.0 sq.m of last year.). The average total floor space of the real estate was 150.0 sq.m (a +11.1% increase compared to the 135.0 sq.m of last year.).

Causes of price decreases

  • An increase in average age of the building (representing 31.3 years old in 2016 and 36.0 years old in 2017; +15.2%)
  • A dramatic increase in average distance from the station (representing 16.2 min in 2016 and 28.0 min in 2017; +72.8%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 60.0% of total transactions in 2016 and 100.0% of total transactions in 2017)

Breakdown of each segment

Station:   Segment:

Utinokati, Outi Research

*If you wish to use or reproduce this data, please enter the URL (https://utinokati.com/en/) where the data will be posted. (As a general rule, prior consent is not required.) Our data is based on Ministry of Land, Infrastructure, Transport, and Tourism of Japan (actual market sales prices)